Question: A bank loan processing system has three components with individual reliabilities as shown: R 1 = 0.84 R 2 = 0.950 R 3 = 0.98

A bank loan processing system has three components with individual reliabilities as shown:

R1 = 0.84 R2 = 0.950 R3 = 0.98

Round answers 3 decimal places

What is the reliability of the bank loan processing system? .782

What would be the reliability of the bank system above if each of the three components had a backup with a reliability of 0.80?

How would the total reliability be different?

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